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Building Consents Issued: July 2014
Embargoed until 10:45am  –  29 August 2014
Commentary

Figures given are not adjusted for seasonal fluctuations unless otherwise stated. Values include GST and are not adjusted for inflation.

Unadjusted number of new dwellings consented at six-year high

In July 2014, 2,282 new dwellings were consented. This is the highest unadjusted monthly number since April 2008. It comprised:

  • 373 apartments, including 219 retirement village units
  • 1,909 non-apartment dwellings.

Including apartments, the seasonally adjusted number of new dwellings consented rose 0.1 percent.

Excluding apartments, the seasonally adjusted number of new dwellings consented fell 2.0 percent, following larger rises in the previous two months.

The trend for the number of new dwellings, including apartments, has more than doubled since the series minimum in March 2011. The trend is at its highest level since August 2007, but is still 26 percent below the series peak in January 2004.

Excluding apartments, the trend is up 90 percent from the most-recent low point in March 2011. It is at its highest level since October 2007, but is 19 percent below the series peak in September 2003.

Since the low point in March 2011, the trend including apartments has generally been increasing at a higher rate than the trend excluding apartments.

Graph, Trend for new dwellings consented, monthly, June 2007 to July 2014.

Number of consented dwellings down in 10 of the 16 regions

Ten of the 16 regions consented fewer new dwellings, including apartments, in July 2014 than in July 2013.

The region with the largest decrease was Wellington – down 50, to 119. No apartments were consented in Wellington in July 2014 (compared with 71 in July 2013).

The regions with the largest increases were:

  • Auckland – up 293, to 849 (including 235 more apartments)
  • Canterbury – up 102, to 609 (including 25 fewer apartments)
  • Otago – up 60, to 132 (including 10 apartments).

Apartment numbers usually fluctuate from month to month.

Graph, New dwellings consented, including apartments, July month, by region, 2012 to 2014.

Non-residential consents valued at $512 million in July

The value of non-residential building work consented in July 2014 was $512 million. This is the second-highest ever value, but is not adjusted for inflation. The highest ever value was $530 million in April 2009. The third-highest ever value was $490 million in June 2014.

The territorial authorities that contributed the most to the value of non-residential building work consented in July 2014 were:

  • Christchurch city – $154 million
  • Auckland city – $104 million
  • Wellington city – $32 million.

Compared with July 2013, the largest non-residential increases in July 2014 were for shops and hospitals. These increases were driven by supermarket and hospital consents in the Canterbury region.

Graph, Value of non-residential buildings consented, by building type (including alterations and additions), July month 2012 to 2014.

Canterbury earthquake-related consents total almost $2.1 billion

Since 4 September 2010, $2,072 million of building consents have been identified as earthquake-related. This includes consents for 2,236 new dwellings.

Not all earthquake-related consents can be identified. For comparison, total figures for Canterbury from September 2010 to July 2014 were:

  • $9,690 million of building consents
  • 17,109 new dwellings consented.

In July 2014, the value of building consents identified as earthquake-related in Canterbury was $126 million (of a total of $464 million for Canterbury in July). This included:

  • 148 new dwellings (of a total of 609)
  • $84 million for residential building work (of $244 million)
  • $42 million for non-residential building work (of $211 million).

See more about earthquake-related building consents in Canterbury

Consents for all buildings total almost $1.4 billion in July

The total value of building work consented in July 2014 was $1,388 million – comprising $876 million of residential work, and $512 million of non-residential work.

Graph, Value of buildings consented, including alterations and additions, year ended July 2010 to 2014.

For the year ended July 2014, compared with the year ended July 2013, the value of building consents increased for:

  • all buildings – up $2.4 billion (21 percent) to $13.7 billion
  • residential buildings – up $1.9 billion (26 percent) to $9.0 billion
  • non-residential buildings – up $0.5 billion (11 percent) to $4.7 billion.

Data for building consents is obtained from all territorial authorities in New Zealand.

For more detailed data, see the Excel tables in the ‘Downloads’ box.

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